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Search Results 0 to 49 of about 241 (some duplicates have been removed)
to pay taxes, we should not be using taxes to reward people who fail. we should be using them to reward people that want to work. everybody in this country should succeed, not just people in government. host: president obama gave an address yesterday talking about how congress should act to keep taxes low. let's take a listen. >> 97% of small-business owners will not see their taxes go up next year. this is something everybody says they agree on. it should have gotten done months ago. republicans in congress are standing in the way. there are holding tax cuts for 98% of americans hostage until they pass tax cuts for of the richest 2%. congress needs to step up and provide every responsible homeowner a chance to save $3,000 a year on mortgage at refinancing at lower rates. i give them a plan to do that in february. it is a plan that has the support of independent nonpartisan economists. republicans will not let it come to a vote. ask them how that helps homeowners. congress needs to step up and pass my plan to create a job corps to help our returning heroes find jobs as cops, firefighter
comments on tax policy, senator chuck schumer talked about taxes. he spoke and answered questions at the national press club for about an hour. >> good morning. we're starting right on time today. i want to thank you for coming. i want to thank those who are joining us on c-span. on behalf of the national press club we're honored to have with us the senior senator from new york charles schumer. the senator will address the topic of tax reform. i just want to say i think this is an appropriate topic following a columbus day weekend. in club bus' time the prevailing weekend that there were dragons right over the horizon and most people thought the world was flat and anyone setting nauf a journey would go off the cliff. columbus thought he could find a new route. and today we're going to be exploring new tax reform and how to avoid a fiscal cliff. the senator will speak for about 20 to 25 minutes and then we will open up to questions. senator? >> ok. thank you, jamie for that very timely introduction. i want to thank the national press club. here's what i said yesterday at the new yo
the topic of tax reform. most people thought the world was flat and anyone sent on a journey would likely go off a cliff. columbus bar defined a new route. today we are going to be exploring new routes to tax reform and how to avoid the fiscal cliff. the senator will talk for approximately 20 or 25 minutes. and we will open up the conference to questions. >> there is perhaps no issue facing congress that is more complex man tax reform. for all the disagreements on taxes, most policy-makers and what the broad outline of tax reform might look like when you ask them is you get a startling difference in dramatically lowering the rate of broadening the tax debate. -- bess. -- base. ronald reagan and the 1986 congress created this. in the upcoming talks on the fiscal cliff, we should scrap this. the old style of tax reform is obsolete in a 2012 world. it does not fit the times because there are two new conditions that did not exist in 1986 but are staring us in the face today. first, a much larger and much more dangerous deficit and second, a dramatic increase been income and inequality. old-style
cliff. those expiring tax cuts and the budget cuts. if you would like to find out more, go to our website, c- span.org, and type in "a fiscal cliff" in the search box. >> look at what president obama did on the budget, nothing. as a result of his abdication of leadership, as a result of seeing the most predictable economic crisis and our country's history and not fixing it, our credit rating was downgraded for the first time in our history. >> to be laid out a four trillion dollar debt reduction plan. ladies and gentlemen, these guys vote against everything. i really mean it. not only do they say they don't like our plan. i get that. you don't like our plan, what is your plan? >> thursday, paul brian and joe biden will face often their only debate. -- paul ryan and joe biden will face off in their only debate. we will have a preview starting at 7:30 eastern. your reaction at 10:30. follow the live coverage on c- span, c-span radio, and online at c-span.org. the vice-presidential candidates preparing for that debate today. paul ryan in st. petersburg, fla., joe biden. president oba
you later on in the show and tonight's vice presidential debate, the tax discussion will be a key issue, the so-called $5 trillion tax cut for rich people. now, take a listen to former senator alan simpson in an exclusive interview only on cnbc today. >> you have a situation where grover norquist has obtained this pledge in the '80s, in the early '90s, he got this pledge that you wouldn't raise taxes under any circumstances unless they are commensurate with spending cuts and those guys are enthralled to him. >> best way to take that on is to reform the tax code, to broaden the base and simplify the code, to wipe out these tax expenditures and use that money to reduce rates. >> well, all right. lo looks like bowles supports the grover norquist idea which is the romney idea. sounds like simpson, as usual, is being very crotchety. let's get to the two guests to get to the hoe-down. dean baker from the center for economic and policy research and the aforementioned grover norquist, president of americans for tax freedom. first of all, grover, what is alan simpson talking about? >> well
, my old pal, art laffer, is going to blast obama and tell you why mitt romney's tax reform is pro-growth and it will not cost anything like $5 trillion. >>> plus, did president obama, hillary clinton and susan rice lie about the 9/11 benghazian attack? the latest sworn congressional testimony sure makes it sound that way. >>> first up tonight, let's do some stock investigation. fourth day of losses across the board. dow dropped 129 points. is the tepid earnings season to blame or are you guys missing a political revolution which will surround the economy? let's talk. we have mike holland, david goldman and michael farr. michael, i don't care about third-quarter earnings. that is so yesterday's news. i can't stand it. that is just so yesterday's news. it's boring. it's nothing. maybe the guidance has something to say. but the economy is not in bad shape. the economy is not in bad recessionary shape and a political revolution is coming and i want to get your take. after you get through taking profits, michael, what happens next? do you buy them back? >> i think you do a little bit,
for the last year promising $5 trillion in tax cuts that favor the wealthy and yet the fellow on the stage last night looked like mitt romney said he did not know anything about that. >> also on thursday mitt romney took another huge step in his unfolding journey of self-discovery. speaking to shawn hennessy on fox news he repudiated the infamous 47% comments he made in may. >> in this case i said something that was just completely wrong. i absolutely believe, however, that my life has shown that i care about 100% and that's been demonstrated throughout my life and this whole campaign is about the 100%. when i become president it will be about helping the 100%. >>> all right. 100%. we're all in on the 100%. first let me throw it up to you guys. we've been chewing over the debate performance. i think my own take, that the president did not perform well in the debate. that's a real novel take on my part. that's what you tuned in for at home. but i don't think he performed as catastrophically poorly as other people seem to think he did. that's more or less where i'm at. maybe that's not great insi
wolf blitzer and when wolf asked him to get specific on tax cuts, here's what happened. >> even though you're going to lower the income tax rates for people making let's say more than $250,000 a year, but you're going to eliminate some loopholes and deductions, exemptions, tax credits, is that what i'm hearing? >> that's right. i'll bring the rate down across the board. but eliminate or limit, rather, deductions or credits and exemptions and so forth, particularly for people at the high end, because you have to do that to make sure that distributionally we continue to have the high-income people still pay the same share, the high share they pay today. >> would that add up to the $4.8 or $5 trillion that's been estimated -- your comprehensive tax reductions would cost? >> well, actually, the president's charge of a $5 trillion tax cut is obviously inaccurate and wrong, because what he says is let's look at all the rates you're lowering, and then he ignores the fact i say we're also going to limit deductions and credits and exemptions. he ignores that part. obviously, that was corrected
that. you're also taxing the middle class under the ryan plan. that is disdain today. >> all right, dr. ruiz. so do you want a 30-second rebuttal of the campaign? >> of course, i do. this is critically important. was there police brutality or was there not? was it an elder or a child? these things, folks, are in the press. they are in "the boston herald," they are in the harvard newspaper. they are documented. they are written. they're spelled out for people to see. it is critically important that people know that who he's saying he is right now is not who he is. further, what i said in that email message was that the city councilman should have been held accountable for allowing durhamville to be the third-world condition that it was and that it continues to be. have your party release the entire interslew. -- interview. release the interview that exonerates me. >> we're down to the last couple of questions. elizabeth, you have the floor. >> dr. ruiz, in 2010 a bipartisan federal commission unveiled the plan to cut the nation's deficit by $4 trillion through a mix of tax increases and
sense. who do you trust on this? they're saying no, they're holding hostage the middle class tax cut to the super wealthy. just get out of the way. but it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsible responsible for their own lives. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> but i always say what i mean. have you ever seen me rope-a-dope. ♪ how you like me now ♪ how like me now ♪ how you like me now >> he came, he saw, and he told the truth, and the great pretender, paul ryan, was exposed after a no holds barred full out slugfest of a debate with vice president joe biden last night. and for democrats across the country, it is tgi biden, a man who brought the fight to congressman ryan with a huge heart and lethal honesty on everything from medicare to taxes, abortion, middle class opportunity, and foreign policy. and this afternoon the vice president landed in ryan's home turf of wisconsin hungry for more action going after romney/ryan on the 47%.
and made sure we cut taxes for the middle class. and in addition to that, when that occurred, what did romney do? romney said, no, let detroit go bankrupt. we moved in and help people refinance their homes. governor romney said no, let foreclosures hit the bottom. but it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my friend recently nay speech in washington said 30% of the american people are takers. these people are my mom and dad, the people i grew up with, my neighbors. they pay more effective tax than governor romney pays in his federal income tax. they are elderly people who in fact are living off of social security. they are veterans and people fighting in afghanistan right now who are-- quote-- not paying any taxes. i've had it up to here with this notion that 47%-- it's about time they take some responsibility here. and instead of sign pledges to grover norquist not to ask the wealthiest among us to contribute to bring back the middle class, they should be signing a pledge saying to the middle c
he said that cutting taxes should not be part of negotiation of tax reform. i wonder if those comments in any way reflect the democratic stance. >> the president made clear that he supports tax reform broadly, but senator schumer is making an important point, that the wealthiest must pay their fair share. he is making the very clear point the president has made and others have made that it is fanciful thinking to imagine that you can give more tax cuts to millionaires and billionaires, and that the pixie dust of trickle-down economics will somehow erase any damage to the deficit or hold harmless the middle class -- it is a mirage. it is not realistic. the broader issues of tax reform are something that very much interest the president of united states, but has always -- his approach is always that everyone has to pay their fair share, everyone has to pay their -- everyone has to get a fair shot. in the debate he is having with the election and has been having with republicans on capitol hill, if we take a balanced approach that includes increased revenues by asking millionaire
these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighting efforts led by the then-senior virginia senator. when someone who will fight and that is what i will do is your next to none state senator. >> if mr. allen, your opening statement. >> thank you. it's much better future than what we are having to endure these days. that is why i put forward a detailed plan. my bl
trillion tax cut on top of 2 trillion for our military. and essaying that he is going to pay for it by closing loopholes and deductions. the problem is that he has been asked over 100 times how you would close those deductions and loopholes, and he hasn't been able to identify them. >> i'm not look for a $5 trillion a tax cut. what i have said is i won't put in place a tax cut that adds to the deficit. middle-income americans have seen their income come down by $4,300. this is a tax in and of itself. i'll call it the economy tax. it's been crushing. >> question. why did president obama seem thrown off balance? did he underestimate governor romney, pat buchanan? >> he certainly d. governor romney performed better on substance than any candidate in any presidential debate in history. reagan would have beaten him in style in 1980 but on substance i've never seen anybody better prepared than governor romney. he was on of fence. the real question, why did barack obama, the president, do so badly. john, he didn't come prepared for what he found there. he seemed difident, almost dis
another tape and we'll switch subjects over to one of my favorites, taxes, listen to what paul ryan said last night, debating taxes. >> there are enough rich people and small businesses to tax and to pay for all their spending and so the next time you hear them say don't worry about it we'll get a few wealthy people to pay their fair share, watch the middle class, the tax bill is coming to you. >> jimmy you had two clear opposites last night. you had ryan defending romney's tax reform plan which lowers marginal rates and puts a strict spending cap on deductions or you had joe biden who proudly was proclaiming who wants to raise taxes by $1 trillion on the rich. how does this play out, jimmy in the next two debates and the remainder of the campaign? >> finally, i'm delighted that someone in this case as paul ryan pointed out that even though the president's been talking about this fantasy, bib lechal middle class tax right that romney and ryan has upon the american people it's the obama plan that has the tax hike in it because there's no way you can pay for all of the spending this admini
romney's tax plan adds up. even says it's been done before. a fact check coming up. >>> and a teenage girl bullied posted a desperate cry on the internet. just a month later, she's dead. ♪ [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. nature valley trail mix bars are made with real ingredients you can see. like whole roasted nuts, chewy granola, and real fruit. nature valley trail mix bars. 100% natural. 100% delicious. [ male announcer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. throughout our lives. one a day men's 50+ is a complete multi-vitamin designed for men's health concerns as we age. it has more of 7 antioxid
, plant closings, layoffs, outsourcing, income tax returns, cayman islands in the bermudas. they took a baseball bat and beat romney's brains and in the six or seven swing states and that is why his numbers are upside down and that is why he has had so many problems until now. why they did that i don't know. i've been asking that question since june and i just think it was a huge miscalculation and the romney campaign family intervention that politico reported the other day basically tried to introduce him. this is what they should've done and the intervention that was reported was that mrs. romney and tad romney the oldest son of mitt romney went to his father and said you have to change things. is that the essence of of the? >> yeah and the family have wanted to take the charlie cook approach and alluded to the fact that their big bad from the beginning, the stuart steven sperry, the chief strategist very in the campaign was that all you had to be was not obama and that turned out to be wrong. you see it in the different channels they are doing now. no, you have to be yourself and n
and biden want to raise taxes by $8 trillion. guess what? yes, we do. >> sean: yes, you do. finally, a politician is telling you the truth. lich, folks. that's the vice-president. if re-elected over a trillion doctors in new taxes. you want to vote for that option? we'll check in with charles krauthammer on this busy friday edition of "hannity." mike rowe here at a ford dealer with a little q&a for fiona. tell me fiona, who's having a big tire event? your ford dealer. who has 11 major brands to choose from? your ford dealer. who's offering a rebate? your ford dealer. who has the low price tire guarantee... affording peace of mind to anyone who might be in the market for a new set of res? your ford dealer. i'm beginning to sense a pattern. buy four select tires, get a $60 rebate. use the ford service credit credit card, get $60 more. that's up to $120. where did you get that sweater vest? your ford dealer. i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor pre
woodward. and then... >> obama and biden want to raise taxes by $8 trillion. guess what? yes, we do. >> sean: yes, you do. finally, a politician is telling you the truth. lich, folks. that's the vice-president. if re-elected over a trillion doctors in new taxes. you want to vote for that option? we'll check in with charles krauthammer on this busy friday edition of "hannity." so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. is i can follow all my sports... catch the latest breaking news... keep in touch with friends... follow the financial headlines... find a great restaurant... and with siriusxm i can get weather forecasts... all from here. in my mercedes-benz. [ male announcer ] introducing mbrace2. the most comprehensive cloud-bas telem
administration did more than just deregulation. they lowered the taxes on the top. one of the things to remember, several decades after world war ii were decades in which the country grew much faster than it did in the decades after 1980. and the country grew together. every group grew but the bottom grew more than the top. so we-- we grew together. after 1980, we grew most slowly and we grew apart. one of the things is we lowered the tax rates on the top. that increased the divide. and the other one is we deregulated, particularly in the financial sector, continued under clinton, under bush. >> rose: where you were the chairman of the council of economic -- >> i opposed those deregulation movements. but this deregulation allowed the banks more scope for moving money from the bottom, all those kind of predatory lending and kinds of practices that we saw. move the money from the bottom to the top. and if you look disproportionately large number of people at the top, in that 1% are from the financial sector. as a teacher, i see it in a slightly different way. i see a disproportionately large numbe
providers like insurance companies that are overcharging. he has to attack on the issue of taxes. there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, ronl is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach that way. that's going back and relate gating all the old arguments. in spirit what i would do unlike shrumy, i would take the big issue that is separate the candidates, don't get into the little trench wa
-end, point, where a number of provisions need to be dealt with. it is a massive combination of taxes and spending. we have the george w. bush era tax cuts that were extended two years ago and now expire at the end of the year. these are tax cuts that lower tax rates,hat impact americans all across the income scale. you have tax breaks on higher income, lower income that would shift if congress fails to act. there are middle-class tax breaks that are part of that. congress does not do anything, almost everyone's taxes would go off. there is a sizeable package of spending cuts to the federal government, 100 billion for the next fiscal year that would hit several departments evenly across the pentagon and domestic agencies. these spending cuts were the product of white listeners would remember as the debt ceiling negotiations -- of what listeners would remember as the debt ceiling debate where leaders could not get the debt load under control and they essentially said all right, since we fail to come up with a plan to a month next year we will automatically trigger these -- to come up w
the vp de easily lop millions out of work and millions more paying more in taxes. >> andrea: hello. i'm andrea tantaros with bob beckel, eric bolling, dana perino, brian kilmeade. this is "the five." ♪ ♪ >> andrea: so who won the v.p. debate last night? we'll get into that in a minute but there is one thing that nobody is disputing. joe biden had a lot of laughs last night. he was laughing during discussions about libya, iraq, afghanistan, the economy, taxes, and on and on. and on. now here is reaction from some fox all-stars. plus, the president, even opineed about the veep's performance. >> if you heard it on radio, biden won. if you watch it on television, he lost. >> i think he had a strong debate. but was diminished, was diminished by the smirking. he overdid it. >> it was unattractive, rude and i have a feeling it will come across to a lot of people as rude. looked like a cranky old man to some extent debating a polite young man. >> i don't believe i have ever seen a debate in which one participant was an openly disrespectful of the other, as biden was to paul ryan tonight.
, i never have enough money to do it. the middle class needs relief, tax relief, they need help now. the focus will change with barack obama. >> moderator: governor, please, if you want to respond to what he said about -- palin: i'd like to respond about the tax increases. you know, we can speak in agreement that darn right we need tax relief for americans so that jobs can be created here. now, barack obama and senator biden also voted for the largest tax increases in u.s. history. barack had 94 opportunities to side on the people's side and reduce taxes, and 94 times he voted to increase taxes or not support a tax reduction. 94 times. now, that's not what we need to create jobs and really bolster and heat up our economy. we do need the private sector to be able to keep more of what we earn and produce. government's going to have to learn to be more efficient and live with less if that's what it takes to rein in the government growth that we've seen today. but we do need tax relief, and barack obama even supported increasing taxes as late as last year for those families making only
-- raise everybody's taxes. he took it -- he looked right into the land and says i'm going to raise your taxes. he has had a lot of experience in that and he is going to go ahead and do it. but remember the statement from london johnson when he was looking around at why his party people weren't supporting him. -- lyndon johnson. he said they paid their tails white and ran with the envelopes. there are a lot of democratic tales running with the antelopes. not one single democrat has introduced the mondale tax bill into the congress. of course i support the president's economic program and i support him and everything else. i'm not sure because of my concept of the vice presidency that if i didn't i would go doing what mr. mondale has done with jimmy carter -- jump away from it. i could not do that to ronald reagan now, next year, or any other time. i have too much trust in him, too much friendship for him, and i would feel very uncomfortable doing it. >> some republicans have criticized mr. mondale for saying he disagreed privately with jimmy carter's decision to impose a grain embargo. h
on that but the fiscal cliff being the package of spending cuts and tax increases that are scheduled to go into effect the end of the year. and there is a lot of worry among economists and business people that could throw the economy and spending cuts in defense, you've got a lot of defense contractors word rid about what is going to happen after the turn of the new year. it's anybody's guess in terms of whether congress can come together after the election but before every new person takes office. there is hope that in the november through january period that congress and the white house can come to an agreement and either postpone those spending cuts or tax increases or come to some new agreement on the budget that could replace the fiscal cliff. i think there will be a postponement of it and perhaps waiting for the new presidential and congressional elections, wait until they come in and sort it out. but depending on how the election goes, the lame duck session which will be in office after the election might be a reason to make a deal before the new people come in. so we'll see. host: the next cal
today with the threat of higher interest rates and a losing a dollar and much higher tax rates. we know that we are giving the students here at this academy, our children and grandchildren, a lower standard of living. we've never done that in this country before. host: vice-presidential candidate paul ryan in new hampshire at a recent event. here's what you might hear from the vice-president joe biden at tonight's debate. this is from a recent campaign stop in florida. [video clip] >> there is no quit in america, folks. ladies and gentlemen, that's why i know i'm not the only one who was offended to hear governor romney write off nearly half the country is in his statement about 47% of the people being dependent. if you read the book congressman ryan has written with two other leading young members of the republican party, they talk about -- the title of the book is "young guns," and they talk about this culture of dependency in america without acknowledging that all those people -- of the 47%, 82% to pay federal taxes, the remaining 10% are seniors on social security who don't have to
Search Results 0 to 49 of about 241 (some duplicates have been removed)

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